Check raises $75 million

Payroll infrastructure company Check Technologies which allows platforms to embed payroll into their products has raised a $75 million Series C led by Stripe, with participation from existing investors Bedrock, Thrive and Index.

Check offers everything companies need to build, launch, and scale a payroll product. The startup’s payroll-as-a-service handles everything from tax calculations, to movement of money, to tax filings. The platform can be embedded into the software platform businesses already use and it supports both W-2 employees and 1099 contractors.

Check publicly launched in January 2021. Since then, it has partnered with vertical SaaS, workforce management, financial services, and staffing businesses, and supports all 50 states plus D.C. Check’s partners collectively serve more than 250K businesses and 4 million employees, and include Homebase, ServiceTitan, and Procare, among others.

“The last decade has made it clear that the democratization of infrastructure can lead to explosive innovation. It’s humbling seeing how – in just a year – platforms serving millions of employees across the country have chosen to work with Check. With this new injection of funding, we’re excited to accelerate our efforts to simplify how businesses pay their employees.” – Andrew Brown, CEO and co-founder of Check.

“Given Check’s technology-first approach – empowering developers with a programmatic infrastructure – it is ideally positioned to capitalize on growing demand for embedded payroll. Check offers a tailored, tightly integrated payroll platform and truly elegant experience – enabling companies to get started faster. We are thrilled to continue to support the Check team on their exciting journey.” – Chris Sperandio, corporate development at Stripe.